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Contract breach legal strategy: customized, tailored in every case

On behalf of Howard Magaliff of Rich Michaelson Magaliff, LLP posted in Contract Disputes on Thursday, December 14, 2017.

Business principals contracting with other commercial entities obviously work hard to get things right when they engage in sophisticated transactions. In New York and across the NYC metro area, there is a lot at stake for business actors seeking to prosper in a complex and ultra-competitive corporate environment.

Ideally, things ultimately go right for both sides negotiating a contract, whatever its purpose. And, indeed, they sometimes do in the "perfect world" referenced in one business overview focused upon commercial agreements.

It is a given, though, that such a universe is rarely glimpsed. In the real world, notes the above business article, "delays happen, financial problems can crop up, and other unexpected events can occur" that undermine the initial aspirations of contracting parties.

In other words, things go wrong, and often across many fronts. One party might contractually perform late, or not at all. Another might be lax in its payment duties. Still another might supply workmanship that is shoddy and beneath specified standards.

We note on our website at the established Manhattan business law firm of Rich Michaelson Magaliff Moser, LLP, that "misinterpretations are often at the heart of [contract] disputes."

That reality demands a careful and reasoned strategy recommended by business attorneys to their valued clients in every case alleging a contract breach. Although aggressive litigation commenced to enforce a client's rights might indeed be a preferred tactic in a given matter, so too might be initial attempts to negotiate a settlement and preserve a mutually beneficial relationship.

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Rich Michaelson Magaliff, LLP, is a commercial law firm based in New York City. In addition to serving many clients in the NYC metropolitan area and throughout New York, our attorneys frequently collaborate with other law firms located around the country and internationally.